This story first appeared at Marijuana Business Daily and is the first in a new series offering tips and advice for hemp and marijuana extraction companies. For cannabis extraction companies, becoming more efficient and more productive goes hand in hand with expansion and scaling up. Hemp-extraction firms looking to cut costs and boost efficiencies can […]
Kristen Nichols This column appears in the March edition of Marijuana Business Magazine. Hemp entrepreneurs have made an art of talking up the plant to people who hate high-THC marijuana. They’re great at explaining how hemp is nonintoxicating and can accomplish great things for the planet, winning over even the biggest cannabis critics. But the […]
Welcome to the latest edition of NORML’s Weekly Legislative Roundup! At the federal level, the SAFE Banking Act was reintroduced this week by Senators Jeff Merkley (D-OR) and Steve Daines (R-MT), along with 27 other members of the Upper Chamber. The House companion was already reintroduced last week. Adult use marijuana legalization legislation died in […]
The U.S. hemp textiles supply chain has to start somewhere, so it might as well begin with T-shirts, according to one North Carolina-based apparel manufacturer. Developing a domestic hemp fiber supply chain in the U.S. could help create a transparent, sustainable, profitable industry that will pay farmers a living wage for their crops while avoiding […]
Charlotte’s Web Holdings Inc. lost $15 million last quarter, a narrower loss than the same period in 2019, as the company trimmed operating expenses and posted gains in both direct-to-consumer sales and B2B sales over the fourth quarter of 2019. Still, the CBD giant based in Boulder, Colorado, saw wider losses for 2020 overall compared […]
Early results of an industry-sponsored, human-safety study on hemp-derived CBD consumption show no evidence of liver toxicity or disease in its 839 participants. The study also found no increase in the prevalence of elevated liver-function numbers compared to a group with a similar incidence of medical conditions. Those results were provided by Validcare, a Denver-based […]
Significant financial returns are still elusive for many hemp-products manufacturers, with only 8% of respondents to the Hemp Industry Daily survey saying their companies were “very profitable” in 2020. But the segment is getting there, with one-third of processor respondents noting their businesses were “somewhat profitable.” At the same time, 42% of respondents said their […]
Federal agriculture officials are opening up more economic assistance to farmers feeling the impact of the coronavirus pandemic and related market disruptions. U.S. Secretary of Agriculture Tom Vilsack on Wednesday announced the agency would devote “at least $6 billion” to a new initiative – the USDA Pandemic Assistance for Producers – aimed at reaching more […]
The process for regulating CBD was dealt another setback Tuesday with the resignation of Dr. Amy Abernethy, who will leave the U.S. Food and Drug Administration in mid- to late April. Abernethy’s resignation was announced in a memo from acting FDA Commissioner Janet Woodcock. Abernethy has served as the FDA’s principal deputy commissioner and acting […]
(This is the third installment in a series focused on cultivation planning for marijuana and hemp growers. The second installment is available here.) Outdoor cannabis producers often have a brief window to get their seedlings and clones transplanted during planting season. Here are a few tips for marijuana and hemp cultivators who are sourcing young plants to consider: […]
